Subject: Re: Support services for IRP | Request for credentials in managing CIR Process
From: Lokesh Gupta <[email-masked]>
To: "Pankaj Srivastava" <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>, "[email-masked]" <[email-masked]>
Date: Sun, 18 Aug 2024 12:45:15 +0000

Dear Pankaj ji

Thank you for your email. We shall be pleased to assist you in CIRP of Think and Learn Private Limited as per scope outlined in engagement letter sent by you.   We confirm our acceptance to act as IPE.

We request following:

The terms of agreement with EY Restructuring LLP be formalised under EY Format which you may execute after necessary legal review. We assure you this is format consistently followed for all clients and has been widely accepted by all clients
The fee for EY be as per our effort estimates which shall be submitted to you and shall be subject to CoC’s approval

Looking forward

Best regards

Lokesh

 

From: Pankaj Srivastava <[email-masked]>
Date: Sunday, 18 August 2024 at 12:46 PM
To: Lokesh Gupta <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>, "[email-masked]" <[email-masked]>
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 

Dear Lokesh Ji,

The Apex Court vide its order dated 14.08.2024(attached copy of order received on 17.08.2024) have ad-interim stayed the Order of Hon’ble NCLAT dated 02.08.2024. This effectively results in resumption of CIRP proceedings as per the order of Hon’ble NCLT dated 16.07.2024.

In this backdrop and  as per our discussions,  undersigned wishes to reinstate your services as IPE in the ongoing CIRP of Think & Learn Pvt. Ltd.  

The attached letter of resumption of services is issued in this regard for your consideration which you may sign and return as token of your acceptance for further next steps. 

 

सादर ॥ Regards,

Pankaj Srivastava

Interim Resolution Professional | Think and Learn Private Limited 

IBBI Regn No : IBBI/IPA-001/IP-P00245 /2017-18/10474 | AFA Validity: 17/11/2023 to 16/11/2024

Ph: ‪+91 80 2390 2344 | 9845002523

Email: [email-masked] | [email-masked]  

https://www.psri.in

Disclaimer: The content of this message is confidential. If you have received it by mistake, please inform us by an email reply and then delete the message. It is forbidden to copy, forward, or in any way reveal the contents of this message to anyone. The integrity and security of this email cannot be guaranteed over the Internet. Therefore, the sender will not be held liable for any damage caused by the message.

 

From: Pankaj Srivastava 
Sent: Friday, August 2, 2024 5:42 PM
To: Lokesh Gupta <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked]; Renu Kochar <[email-masked]>
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 
Importance: High
Sensitivity: Confidential

Dear Sir/Madam,

Hon'ble NCLAT vide their order dated 2.8.2024 have set Aside the order of Hon'ble NCLT dated 16.7.2024 admitting the Company to undergo Corporate Insolvency Resolution Process as per provisions of Insolvency and Bankruptcy Code 2016. 

Accordingly, the office of IRP stands vacated with immediate effect and the Powers of the Board of Directors of Think and Learn Private Limited are restored. 

Kindly take note that your engagement stands discontinued with immediate effect. 

Pankaj Srivastava

IBBI Regn No : IBBI/IPA-001/IP-P00245 /2017-18/10474

From: Lokesh Gupta <[email-masked]> 
Sent: Sunday, July 21, 2024 10:45 AM
To: Pankaj Srivastava <[email-masked]>; Renu Kochar <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked]
Subject: Re: Support services for IRP | Request for credentials in managing CIR Process 
Sensitivity: Confidential

Dear Pankaj ji

We thank you for trusting EY Restructuring LLP for assisting you in CIRP of Think and Learn Private Limited.

We accept the appointment and look forward to working with you. 

The fee terms based on efforts involved and complexity of case shall be subject to approval of CoC. 

Regards,

Lokesh

From: Pankaj Srivastava <[email-masked]>
Sent: Sunday, July 21, 2024 10:26:55 AM
To: Renu Kochar <[email-masked]>; Lokesh Gupta <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked] <[email-masked]>
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 

Some people who received this message don't often get email from [email-masked]. Learn why this is important
Dear Lokesh,

Attached EL as discussed for your confirmation and return a counter signed copy for records.

 

सादर ॥ Regards,

om

Pankaj Srivastava

B.Com, FCA, FCMA, CPA(USA), Alumni IIM-B

Interim Resolution Professional | Think and Learn Private Limited 

IBBI Regn No : IBBI/IPA-001/IP-P00245 /2017-18/10474

AFA Validity: 17/11/2023 to 16/11/2024

Regd. address: 58, 3rd Cross, Vinayaknagar Hebbal Bengaluru 560024 

Ph: ‪+91 80 2390 2344 | 9845002523

Email: [email-masked] | [email-masked]  

https://www.psri.in

Licensed in India to act as an Insolvency Professional by the Insolvency & Bankruptcy Board of India. The affairs, business and property of Think and Learn Private Limited are managed by the Insolvency Professional, who acts as NCLT Appointed Resolution Professional of the Company and contracts without personal liability.

Disclaimer: The content of this message is confidential. If you have received it by mistake, please inform us by an email reply and then delete the message. It is forbidden to copy, forward, or in any way reveal the contents of this message to anyone. The integrity and security of this email cannot be guaranteed over the Internet. Therefore, the sender will not be held liable for any damage caused by the message.

 

 

From: Renu Kochar <[email-masked]> 
Sent: Saturday, July 20, 2024 11:51 AM
To: Pankaj Srivastava <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Lokesh Gupta <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked]
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 
Sensitivity: Confidential

Dear Pankaj,

Please find enclosed the executed documents. Request you to kindly send the counter signed NDA for our records.

Best Regards, 

Renu Kochar | Vice President | TCF-Lead Advisory

Ernst & Young LLP

Cell:9619659434 | [email-masked]

From: Pankaj Srivastava <[email-masked]> 
Sent: Saturday, July 20, 2024 4:46 AM
To: Renu Kochar <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Lokesh Gupta <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked]
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 
Importance: High
Sensitivity: Confidential

Dear Renu,

Thanks for presenting your credentials. To take this, forward you are requested to submit the attached disclosure as mandated by IBBI as well as confidentiality undertaking. 

 

सादर ॥ Regards,

om

Pankaj Srivastava

B.Com, FCA, FCMA, CPA(USA), Alumni IIM-B

Interim Resolution Professional | Think and Learn Private Limited 

IBBI Regn No : IBBI/IPA-001/IP-P00245 /2017-18/10474

AFA Validity: 17/11/2023 to 16/11/2024

Regd. address: 58, 3rd Cross, Vinayaknagar Hebbal Bengaluru 560024 

Ph: ‪+91 80 2390 2344 | 9845002523

Email: [email-masked] | [email-masked]  

https://www.psri.in

Licensed in India to act as an Insolvency Professional by the Insolvency & Bankruptcy Board of India. The affairs, business and property of Think and Learn Private Limited are managed by the Insolvency Professional, who acts as NCLT Appointed Resolution Professional of the Company and contracts without personal liability.

Disclaimer: The content of this message is confidential. If you have received it by mistake, please inform us by an email reply and then delete the message. It is forbidden to copy, forward, or in any way reveal the contents of this message to anyone. The integrity and security of this email cannot be guaranteed over the Internet. Therefore, the sender will not be held liable for any damage caused by the message.

 

 

From: Renu Kochar <[email-masked]> 
Sent: Friday, July 19, 2024 4:07 PM
To: Pankaj Srivastava <[email-masked]>
Cc: Dinkar Venkatasubramanian <[email-masked]>; Lokesh Gupta <[email-masked]>; Rahul Agarwal <[email-masked]>; [email-masked]
Subject: RE: Support services for IRP | Request for credentials in managing CIR Process 
Sensitivity: Confidential

Dear Pankaj,

Thank you for reaching out to us for support services to IRP. In response to your email, please find attached EY credentials for managing the CIR processes of entities with debt size of more than INR 5,000 cr. Please feel free to reach out if you have any further questions/ clarifications.

Best Regards, 

Renu Kochar | Vice President | TCF-Lead Advisory

Ernst & Young LLP

Cell:9619659434 | [email-masked]

From: Pankaj Srivastava <[email-masked]>
Sent: Thursday, July 18, 2024 3:23:32 PM
To: Dinkar Venkatasubramanian <[email-masked]>; Lokesh Gupta <[email-masked]>; Rahul Agarwal <[email-masked]>
Cc: [email-masked] <[email-masked]>
Subject: Support services for IRP | Request for credentials in managing CIR Process 

Some people who received this message don't often get email from [email-masked]. Learn why this is important
Dear Sir/Madam, 

I would like to introduce myself as Mr. Pankaj Srivastava, an Insolvency Professional registered with IBBI (IBBI registration number - IBBI/IPA-001/IP-P00245/2017-2018/10474) . I have been appointed as the Interim Resolution Professional (IRP) for one of the ed-tech companies under CIRP 

This e-mail is with reference to appointing a professional firm who can provide support services to IRP. In this context, you are requested to please share your credentials in managing CIR Process under IBC for Corporate Debtors with debt size greater than INR 5,000 cr. We will shortlist firm’s basis credentials and reach out to you in case any further details is needed.

You are requested to please share the details by 5:00 pm on 19th July 2024 

Regards, 

 

सादर ॥ Regards,

om

Pankaj Srivastava

B.Com, FCA, FCMA, CPA(USA), Alumni IIM-B

Interim Resolution Professional | Think and Learn Private Limited 

IBBI Regn No : IBBI/IPA-001/IP-P00245 /2017-18/10474

AFA Validity: 17/11/2023 to 16/11/2024

Regd. address: 58, 3rd Cross, Vinayaknagar Hebbal Bengaluru 560024 

Ph: ‪+91 80 2390 2344 | 9845002523

Email: [email-masked] | [email-masked]  

https://www.psri.in

Licensed in India to act as an Insolvency Professional by the Insolvency & Bankruptcy Board of India. The affairs, business and property of Think and Learn Private Limited are managed by the Insolvency Professional, who acts as NCLT Appointed Resolution Professional of the Company and contracts without personal liability.

Disclaimer: The content of this message is confidential. If you have received it by mistake, please inform us by an email reply and then delete the message. It is forbidden to copy, forward, or in any way reveal the contents of this message to anyone. The integrity and security of this email cannot be guaranteed over the Internet. Therefore, the sender will not be held liable for any damage caused by the message.

 

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The information contained in this communication is intended solely for the use of the individual or entity to whom it is addressed and others authorized to receive it. It may contain confidential or legally privileged information. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by responding to this email and then delete it from your system. The firm is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay in its receipt.

The information contained in this communication is intended solely for the use of the individual or entity to whom it is addressed and others authorized to receive it. It may contain confidential or legally privileged information. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by responding to this email and then delete it from your system. The firm is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay in its receipt.